Answer:
a. 1.51 containers
b. Fewer
Explanation:
The computations are shown below:
a. The number of containers would be
= Annual demand × time × (1 + inefficiency factor) ÷ holding pieces
= 70 × 0.75 × (1 + 0.15) ÷ 40
= 1.51 containers
The time is converted from minutes to hour i.e 45 minutes ÷ 60 minutes = 0.75
b. If the system improves, the fewer containers are required i.e 2 containers approximate because inefficiency factor got decreased
Answer:
d. debit to an expense account and a credit to an asset account.
Explanation:
When a prepayment is made, the entries recorded are Debit prepaid expense and credit Cash account to recognize the amount prepaid.
As time passes and the expenses are incurred, the entries required are debit expense account and credit prepaid expense (an asset) with the amount of the expense incurred as a result of the passage of time.
Answer:
<em>(A) Unit variable costs fluctuate and unit fixed costs remain constant.</em>
Explanation:
The <em>fixed costs</em> are the costs which have to be incurred always, irrespective of what the output produced is by the firm. For instance, a firm always has to charge depreciation on its fixed assets, pay salary to the premises staff and pay fixed salary to the managers for managing etc, irrespective of whatever output it produces.
<em>Variable costs</em> are the costs which vary with the level of output produced activity. For example, if more output is produced more will be the raw material payments, more will be the manufacturing related other expenses and more will be the wages paid to the labour etc and vice-versa.
Hence, thereby the per <em>unit variable costs fluctuate and unit fixed costs remain constant.</em>
Answer:
CMOCs.
Explanation:
CMOCs, short for Civil-Military Operations Centers, are centers that are temporarily established in a particular country where a military operation is taking place in order to maintain a relationship between military and non-military entities. In some cases, it may serve as a replacement for a government after some kind of a disaster, which can have natural or man-made causes.
Many different types of operations can take place in these centers, such as attempts at stabilization of that country, reconstruction, humanitarian relief, etc.
Answer:
False.
Explanation:
There is no specific rule for managerial accounting like GAAP. GAAP is the accounting principles set for financial accounting and not managerial accounting. The main and primary purpose of managerial accounting is to help the managers of an organization to analyze the exact cost that is incurred in the production of sale-able goods and services. This accounting is done completely as per the convenience and discretion of the managers of a company and not by any specified rules and norms.
